Monday, August 20th

AN INTRODUCTION TO CAPTIVE INSURANCE AND THE FUNDAMENTALS OF CAPTIVE INSURANCE

This seminar will explain the basics of captive insurance companies, what they are, their purpose, how they are structured, managed and their advantages, as well as the tax rules surrounding their utilization.

Out of the Blue….Delivers a Powerful Message of The Life Changing Experience of Being Held as a POW in the Hanoi Hilton During the Vietnam War and How it Strengthened His Love of Country and Sent Him Down His Life’s Path.

OPENING RECEPTION (at conclusion of Plenary)Symphony III

Sponsored by Management Services International

Tuesday, August 21st

8:OOREGISTRATION OPENS Symphony Foyer

Coffee sponsored by Rives & Associates

9:00 – 10:00PLENARY SESSION: The NC Department of Insurance And North Carolina’s Captive Insurance Company Program Today.Symphony IV

The Path Forward: Opportunities beyond enterprise risks for mature small captives: Learn how mature small captives can boost underwriting returns, insure new lines of coverage, and enhance their risk diversification by taking advantage of the opportunities created by the PATH Act.

You Want To Invest In What? This session provides an in depth discussion about types of alternative investments, when they are permissible, and accounting, tax and regulatory challenges.

Panel: LeAnne Rafalko, NCDOI; Diana Hill, Rives & Associates

12:00 – 1:30ANNUAL COMMISSIONER’S LUNCHEONSymphony IV

Commissioner Mike Causey Leon Rives, NCCIA Chair

Sponsored by Webb & Coyle, PLLC

2:00 – 3:00CONCURRENT SESSIONS C& D

SESSION CSymphony VI

Marijuana Farms: Are They an Insurable Risk? This session will explore the opportunities presented by the rapidly expanding cannabis industry for alternative risk transfer, the legal and practical issues a captive insuring cannabis-related risks may encounter, and the major things captive professionals should consider before working with a cannabis-related business.

Goldilocks and the Three Captives: What are the attributes of a domicile that is JUST RIGHT for your captive program? 90% of the Fortune 500 own one or more captives. Many domiciles that regulate these large captives owned by massive companies are used to bureaucracy and dealing with teams of lawyers. For many captive programs such domiciles are like Papa Bear – Too Hard (and costly). Let’s face it, most companies setting up captives today aren’t Fortune 500 or similar in size – so Papa Bear isn’t a good choice for most. Is it possible for domiciles to be like Mama Bear and be Too Soft? It sure is, and domiciles that are too soft can leave captives vulnerable as evidenced in the recent Avrahami case. The goal is to find a domicile for your captive program like Baby Bear – Just Right. This session will discuss the attributes of domiciles that are Too Hard, Too Soft and Just Right.

Issues in Cyber Security, Do Captives Have Peculiar Needs? The presentation will focus on Cyber Threats (who’s conducting the hacking and how) and Trends (criminal and national security activity) which will focus more on the types of crimes and actors we are seeing nationally and in the local area. We will also discuss industry data sources containing quantitative information related to breaches, and insurance industry pricing approaches used for cyber insurance. We will also learn how to get in contact with the FBI should the need arise.

National Regulatory Political Climate: The captive industry has a bright future as a source for creative programs but will continue to face challenges in addressing issues related to a disciplined regulatory environment. This session will review some of the dynamics involved in emerging legislative and regulatory standards and investigate some of the key developments that are being considered by the NAIC and elsewhere that will shape future regulation of the industry.

Speaker: Richard J. Fidei, Shareholder, Greenberg Traurig

5:30 – 7:30 70s DISCO MANIACJ’S DISCOEnjoy a real 70’s experience. This venue, located inside the Sheraton Hotel, was once one of the most happening clubs in Uptown and still has the feel of a classic ’70s nightclub. Bring your platform shoes and best polyester wear for a fun retro evening. (Although we know you’ll miss farmer Bubba’s pig)!

Sponsored by Atlas Insurance Management

Wednesday, August 22nd

7:00REGISTRATION OPENS Symphony Foyer

McGriff Insurance Services

8:00 – 9:00CONCURRENT BREAKOUT SESSIONS G & H:

SESSION G Symphony VI

Medical Stop Loss Trends and Strategies: Funding medical stop loss in a captive continues to be prevalent for both large and mid-size employers. This session will explore why this trend is expected to continue and best practices associated with applying cost containment strategies to control health plan budgets and medical stop loss claims.

Panel: Fred Reese, WCI; and Wendy Dine, Strategic Risk Solutions

SESSION HCarolina D

The New Three Ds of Captives, Dissolving, Dormenting and Redomesticating to North Carolina.

Investments, Does The Changing Economy Influence Captive Investment Opportunities? How To Invest in a Rising Interest Rate Environment How to Take Advantage of Higher Rates Without Adding Risk and How to Have an Efficient Relationship With Your Bank

In this session a panel of experienced captive industry leaders will discuss the formation process and on-going operation considerations for a group captive. The panelists will share some of what they consider to be best practices for prospective group captive members to follow from the beginning so as to better position the program for long term success.